BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Shares Up 0.8% – Time to Buy?

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) shares were up 0.8% during mid-day trading on Wednesday . The stock traded as high as $6.55 and last traded at $6.53. Approximately 937,464 shares traded hands during trading, an increase of 33% from the average daily volume of 702,427 shares. The stock had previously closed at $6.48.

BlackRock Innovation and Growth Term Trust Stock Up 0.8%

The stock’s 50 day moving average price is $6.68 and its 200 day moving average price is $6.83.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mutual Advisors LLC boosted its stake in BlackRock Innovation and Growth Term Trust by 24.9% during the 2nd quarter. Mutual Advisors LLC now owns 30,475 shares of the company’s stock valued at $246,000 after acquiring an additional 6,075 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of BlackRock Innovation and Growth Term Trust during the second quarter worth $51,000. Geneos Wealth Management Inc. bought a new position in BlackRock Innovation and Growth Term Trust in the first quarter worth about $59,000. NewEdge Advisors LLC boosted its stake in BlackRock Innovation and Growth Term Trust by 14.6% in the second quarter. NewEdge Advisors LLC now owns 57,624 shares of the company’s stock valued at $423,000 after acquiring an additional 7,344 shares during the period. Finally, Jane Street Group LLC lifted its stake in BlackRock Innovation and Growth Term Trust by 13.7% in the second quarter. Jane Street Group LLC now owns 86,506 shares of the company’s stock valued at $635,000 after buying an additional 10,397 shares during the last quarter.

BlackRock Innovation and Growth Term Trust Company Profile

BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) is a closed-end management investment company sponsored by BlackRock Fund Advisors. Launched in May 2020, the trust is structured with a predetermined termination date and trades on the New York Stock Exchange. As a term trust, BIGZ offers investors exposure to a diversified portfolio of growth-oriented equity and equity-related securities, with the goal of delivering long-term capital appreciation.

The trust pursues its investment objective by focusing on companies that are positioned to benefit from innovation, technological advancements and structural shifts across multiple industries.